![]() |
All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |
SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
REGISTERED UNIT STANDARD: |
Research the viability of new venture ideas/opportunities |
SAQA US ID | UNIT STANDARD TITLE | |||
114596 | Research the viability of new venture ideas/opportunities | |||
ORIGINATOR | ||||
SGB Generic Management | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 03 - Business, Commerce and Management Studies | Generic Management | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular-Fundamental | Level 4 | NQF Level 04 | 5 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Reregistered | 2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2024-06-30 | 2027-06-30 |
In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise. |
This unit standard does not replace any other unit standard and is not replaced by any other unit standard. |
PURPOSE OF THE UNIT STANDARD |
This Unit Standard is aimed at learners who wish to identify and screen new ideas and/or opportunities with the intention of establishing and/or participating in a new venture.
The qualifying learner is capable of finding information about different industry sectors; explaining the purpose of potential new ventures; identifying characteristics of successful ventures and evaluating new venture opportunities. The qualifying learner will be able to: |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Learners accessing this qualification will have demonstrated competence in Computer Literacy, Mathematical Literacy and Communications at NQF level 3 or equivalent. |
UNIT STANDARD RANGE |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Identify and assess own business ideas/opportunities for a new venture. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
An own business is discussed in terms of its advantages and disadvantages for the owner, the labour market and the business sector. |
ASSESSMENT CRITERION 2 |
Sources and methods of access to general and commercial business information are identified for proposed business venture. |
ASSESSMENT CRITERION 3 |
Reasons for selecting or rejecting a particular new venture idea/opportunity are explained with examples. |
ASSESSMENT CRITERION 4 |
Essential features of the new venture are identified in terms of market share, sales volume, asset value, and extent of independence from outside control. |
SPECIFIC OUTCOME 2 |
Analyse the viability of a selected idea/opportunity against specific screening variables. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The aptitude, interests and values of the potential owner are screened for suitability to the new venture. |
ASSESSMENT CRITERION 2 |
The market conditions are assessed to determine the viability of the new venture. |
ASSESSMENT CRITERION 3 |
An assessment is made of the competition the new venture is up against. |
ASSESSMENT CRITERION 4 |
The access to relevant technology and other resources needed for the new venture is analysed to aid a decision on the viability of the new venture. |
SPECIFIC OUTCOME 3 |
Research the potential of a particular idea/opportunity as a new venture. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
A personal profile of an entrepreneur is matched to the type of work, product or service that has potential as a new venture to ensure compatibility. |
ASSESSMENT CRITERION 2 |
Training needs to ensure success of the new venture are identified for all persons involved in the venture. |
ASSESSMENT CRITERION 3 |
Market research is conducted including analysis of demand for the product/service and competitor analysis. |
ASSESSMENT CRITERION 4 |
The most suitable location of the new venture is investigated to aid a decision on the location of the new venture. |
ASSESSMENT CRITERION 5 |
Constraints on trade and applicable by-laws are investigated to ensure that there are no legal obstacles to the establishment of the new venture. |
SPECIFIC OUTCOME 4 |
Analyse a range of risks associated with a new venture. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
The concept of risk management is explained with examples. |
ASSESSMENT CRITERION 2 |
The potential risks and factors that may threaten the new venture are identified and analysed with a view to eliminating and/or minimising them. |
ASSESSMENT CRITERION 3 |
The risks associated with being an employer are explained. |
ASSESSMENT CRITERION 4 |
The possible measures to reduce risk are explained with examples from a real or simulated new venture. |
ASSESSMENT CRITERION 5 |
The insurance and security needs associated to risks in the new venture are investigated. |
SPECIFIC OUTCOME 5 |
Evaluate new venture ideas/opportunities based on research findings. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
Criteria are established for evaluating the success of a new venture. |
ASSESSMENT CRITERION 2 |
A preliminary evaluation of the proposed new venture is produced in the form of a written report, using the identified criteria. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
UNIT STANDARD DEVELOPMENTAL OUTCOME |
N/A |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems and make decisions which arise during the process of assessing, analysing and evaluating new venture opportunities. |
UNIT STANDARD CCFO ORGANISING |
Organise oneself and one's activities by using structured methods in investigating and assessing new venture opportunities. |
UNIT STANDARD CCFO COLLECTING |
Collect, analyse, organise and critically evaluate information which will assist in the investigation and assessment of new venture opportunities. |
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrate an understanding of the world as a set of related systems by explaining the potential impact of proposed new venture decisions. |
UNIT STANDARD CCFO CONTRIBUTING |
Develop entrepreneurial opportunities. |
UNIT STANDARD ASSESSOR CRITERIA |
N/A |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
UNIT STANDARD NOTES |
N/A |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Core | 66249 | Further Education and Training Certificate: New Venture Creation | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | SERVICES |
Core | 23953 | Further Education and Training Certificate: New Venture Creation (SMME) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2009-05-13 | Was SERVICES until Last Date for Achievement |
Core | 20884 | National Certificate: New Venture Creation (SMME) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2005-04-10 | |
Elective | 58143 | National Certificate: Music Industry Practice | Level 3 | NQF Level 03 | Reregistered | 2023-06-30 | CATHSSETA |
Elective | 65051 | Further Education and Training Certificate: Arts and Culture Development Support | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | CATHSSETA |
Elective | 79626 | Further Education and Training Certificate: Commercial Property and Facilities Management | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | SERVICES |
Elective | 58761 | Further Education and Training Certificate: Early Childhood Development | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | ETDP SETA |
Elective | 65029 | Further Education and Training Certificate: Music | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | CATHSSETA |
Elective | 59097 | Further Education and Training Certificate: Real Estate | Level 4 | NQF Level 04 | Reregistered | 2023-06-30 | SERVICES |
Elective | 58394 | National Certificate: Film and Television Production | Level 5 | Level TBA: Pre-2009 was L5 | Reregistered | 2023-06-30 | MICTS |
Elective | 49087 | National Diploma: Orientation and Mobility Practice for Blind and Partially Sighted Persons | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2009-07-29 | Was ETDP SETA until Last Date for Achievement |
Elective | 73129 | National Diploma: Public Relations Practice | Level 5 | NQF Level 05 | Reregistered | 2023-06-30 | SERVICES |
PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: |
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here. |
1. | 3 At Work Recruitment Agency |
2. | Accreditation & Training Services |
3. | ADOM TECHNOLOGIES |
4. | ADVS Security and Cleaning |
5. | Amogelang Marketing and Training |
6. | Asakhe Education Network |
7. | Aubrey Nyiko Business Enterprise cc |
8. | Avax Training & Development |
9. | Aviwe Business Development and |
10. | B T Group of Companies Pty Ltd |
11. | BDCE (Pty) Ltd |
12. | Big Fish |
13. | BLC Entertainment |
14. | Boitjhorisong Resource Centre |
15. | Bojelong Consultancy (Pty) Ltd |
16. | BOLAND COLLEGE |
17. | Brain Boosters Business Education (PTY) LTD |
18. | Brainwave Projects 1997 CC |
19. | Cedars Academy for Technical |
20. | Centre for Creative Education/Iziko La Bantu Be Afrika NPC |
21. | Changing Lives Community Development Training |
22. | College of Cape Town - Athlone Campus |
23. | Compass Academy of Learning |
24. | CORE Capacity Training Academy |
25. | CREATIVE ARTS COLLEGE |
26. | Custoda Trust |
27. | D M Management and Consulting |
28. | Dee s Training PTY LTD |
29. | DEVELO CC |
30. | Dintshang Trading |
31. | Directflo |
32. | Dru A Professional Further Education and Training College DAPFETC PT |
33. | E Lumina |
34. | Early Inspiration |
35. | Early Learning Resource Unit (ELRU) |
36. | EASTCAPE MIDLANDS COLLEGE BUSINESS UNIT (Uitenhage) (WA) |
37. | EBENEZER TRAINING HOUSE FOR EARLY LEARNING |
38. | Edu Experts SA |
39. | EDU-Bless College |
40. | Edu-Build Institute |
41. | Edu-Prof Training Centre |
42. | EDUTAK PRE-SCHOOL TRAINING AND DEVELOPMENT |
43. | Elgin Community College |
44. | Empirical Training Agency (PTY) Ltd |
45. | Enjo Consultants (Pty) Ltd |
46. | Environment and Language Education Trust |
47. | Epitome Villa (Pty)Ltd |
48. | Evers Xcellence Management Consulting |
49. | EYETHU NATIONAL COMPUTER COLLEGE PTY LTD |
50. | FALSE BAY TECHNICAL VOCATIONAL EDUCATION & TRAINING COLLEGE |
51. | FILM Mentorship & Training SA |
52. | FLAVIUS MAREKA FET COLLEGE |
53. | Footprint Media academy Pty ltd |
54. | Frayintermedia Cc |
55. | FURNITURE WORLD TRAINING CENTRE |
56. | Future Performance Training and Development |
57. | Future-Teacher (Pty) Ltd |
58. | Gauteng Baobab Early Learning Training Programme |
59. | Gold Class Group |
60. | Goldfields TVET College |
61. | Grassroots Adult Education and Training Trust |
62. | GWALA TRAINING SERVICES |
63. | Heirs Training and Development |
64. | HOPE ACADEMIC AND SKILL CENTRE |
65. | HUGENOTE COLLEGE |
66. | ICM t/a Institute for Career Management |
67. | Igugu Training and Investments |
68. | Ikamva Projects Pty Ltd |
69. | Ikusasa Lothisha t/a ECD Training Provider |
70. | Institute of Professional Studies and Services |
71. | Isamon Vocational College of Excellence Pty Ltd |
72. | Isibani Skills Academy |
73. | Isibani Soluntu Development Trust |
74. | IT Labs Consulting |
75. | Itireleng Bokamoso Trading Development Services and Associates |
76. | Jabulani Training & Development |
77. | Josmap Training Institute |
78. | Katehong Early Learning Resourse Unit (KELRU ) |
79. | Kefen Property Group |
80. | Keletsong Community Training & Resource Centre |
81. | Kgang-Kgolo Consulting |
82. | KHANIMAMBA TRAINING AND RESOURCE CENTRE |
83. | Khoali Group of Companies (Pty) Ltd |
84. | Khululeka Community Education Centre |
85. | Kids Academy |
86. | Kitso Bokamoso Training Solution |
87. | KITSO TRAINING AND DEVELOPMENT |
88. | Klein Karoo Resource Centre |
89. | KWAZULU NATAL EXPERIMENTAL COLLEGE |
90. | LEARNFORWARD TRAINING SOLUTIONS AND CONSULTING AGENCY |
91. | Legacy Leap Skills Developmemt Institute (Pty) Ltd |
92. | LEMOHA WORKPLACE SOLUTIONS AND TRADING PTY LTD |
93. | Leronsa Trading Enterprise |
94. | LESEDI EDUCARE ASSOCIATION |
95. | Lesias Educational Services |
96. | Level 5 Skills |
97. | Li Lichule Trading cc |
98. | LITTLE LEADERS GROUP (PTY) LTD |
99. | Loago Business Consulting |
100. | Lynne Hobbs cc |
101. | MASIKHULE EARLY CHILDHOOD DEVELOPMENT CENTRE |
102. | Mass Computer Training and Printers |
103. | MATHS CENTRE INCORPORATING SCIENCES |
104. | MBOWA COLLEGE PTY LTD |
105. | Media Village Training |
106. | MENCHO BUSINESS DEV PTY LTD |
107. | MENTORNET (PTY) LTD |
108. | Mnambithi FET College - Central Office |
109. | Mochochonono Training Solutions cc |
110. | Motheo Training Institute Trust |
111. | Movietech Film and Television College |
112. | MTL Training and Projects |
113. | Nasinasi Trading and Projects |
114. | NATAL EARLY LEARNING RESOURCE UNIT TRUST |
115. | NBnet Consultancy & Projects |
116. | Ndoma Mathodi Trading Enterprise |
117. | Netgrow Training Solutions |
118. | Networx for Career Development |
119. | New Beginnings Training and Development Organisation |
120. | Next Step Academy (Pty) Ltd |
121. | Nkqubela Community Developers |
122. | Noni Community Development |
123. | Northern Cape Rural TVET College |
124. | Northern Cape Urban College: Kimberley Campus |
125. | Northlink College |
126. | Northshore Trading 19CC t/a Makakhaunye Training and Development Agency |
127. | NTATAISE TRUST |
128. | Ntevho-Ketso Training and Recruitement Consultancy cc |
129. | Ntsangalala Business Enterprise |
130. | Ntshikose Training Services |
131. | Nyelati Trading Enterprise |
132. | OL Afrika Media |
133. | OPELONG BUSINESS INSTITUTE (PT |
134. | Orbit FET College - Central Office |
135. | Orchards Graduate School Pty Ltd |
136. | Peddie Development Centre |
137. | Peo Entle HIV Wellness Management and Youth Skills Development NPO |
138. | People Upliftments t/a POPUP Upliftment |
139. | Performance Development Institute Pty Ltd |
140. | Petra institute of Development (PTY) Ltd |
141. | PHALANE SAFETY CONSULTANT AND TRAINING PROVIDERS PTY LTD |
142. | PMA Holding (Pty) Ltd |
143. | PND Academy of Learning cc |
144. | Pracical Audio Solution |
145. | Pro-Ed Training |
146. | PROFESSIONAL CHILD CARE COLLEGE PTY LTD |
147. | Professional Development and Training Institute (Pty) Ltd |
148. | PRX SCHOOL TEST |
149. | Rampadise Education Training & Development Centre |
150. | Rasinkhu Investments |
151. | Read Educational Trust |
152. | Realeboga Development Services |
153. | Regen Institute of Leadership and Management Education |
154. | REGIONAL EDUCARE COUNCIL |
155. | Retshetse Training Project |
156. | Rhodes University |
157. | Richfield Graduate Institute of Technology Pty Ltd |
158. | Right 4 u College |
159. | SA College of Technology (PTY) |
160. | Safe and Sound Learning Association |
161. | SANTS College |
162. | Sbongukhanyo |
163. | SFM CONSULTANTS PTY LTD |
164. | Sisazi Consulting |
165. | SITHUTHUKILE TRUST |
166. | Sivile Housing Association RSA |
167. | Siyahluma Education Institute |
168. | South African Congress For Early Childhood Development |
169. | SOUTH AFRICAN CORPORATE TRAINI |
170. | South African Guide-Dogs Association for the Blind |
171. | South African School of Education for Paralegal Training Mpumalanga |
172. | South Cape Public FET College - George Campus |
173. | Southern African Youth Movement |
174. | Spotru Training Centre |
175. | SPS Consulting (Pty) Ltd |
176. | SSD Consultants |
177. | Star Choice Trading 407 (Pty) Ltd |
178. | Sunshine Community Outreach Ministry of Youth With A Mission |
179. | Sustainability Institute Trust |
180. | T A M AGRIDIV |
181. | T Mabuya & Associates (Pty) Ltd |
182. | Takatso Educare Training and Development Services |
183. | Teachers Learning Centre (Pty) Ltd |
184. | Tekollo Trading (Pty) Ltd |
185. | Tembe Service Providers |
186. | Tendazwau Trading 8 (PTY) LTD |
187. | Thabelanang t/a Thabelanang Trading Enterprise |
188. | The Camera Academy |
189. | The Iscariota Group (Pty) Ltd |
190. | THE MATTHEW GONIWE SCHOOL OF LEADERSHIP AND GOVERNANCE |
191. | The Nal'ibali Trust |
192. | The Port Elizabeth Early Learning Centre |
193. | Thembekile training consulting |
194. | Thubelihle Graduate Institute |
195. | THUKAKGALADI INTEGRATED DEVELOPMENT PROJECT |
196. | THUSANANG TRUST |
197. | Thuto Ya Setshaba Training Services (Pty) Ltd |
198. | Thuto-Botshabelo Training and Projects (Pty) Ltd |
199. | Tiakeni Training Centre |
200. | TPN Training and Recruitment cc |
201. | Trainers without Borders |
202. | Training and Resources in Early Education (TREE) |
203. | TRAINING AT WORK PTY LTD |
204. | TRAINING ATOMS |
205. | Training Portal Online |
206. | TSHEPANG EDUCARE TRUST |
207. | Tsoelopele Leadership Consulting (Pty) Ltd |
208. | Ukwakhile Training |
209. | Ulwazi Training & Development |
210. | Umgungundlovu FET College |
211. | UNIVERSAL COLLEGE OUTCOMES SA |
212. | Vala Nge Bhetshu Human Capital Development (Pty) Ltd |
213. | Vuselela TVET College |
214. | VUTHLARI MARKETING CONSULTING |
215. | Water berg FET College |
216. | Waterberg TVET College |
217. | WESTERN COLLEGE FOR FURTHER EDUCATION AND TRAINING |
218. | Winston Academy |
219. | World Wide Education Providers(Pty)Ltd |
220. | Woz'obona Early Childhood Community Service Group |
221. | Yellow Media Learning Institute (Pty) Ltd |
222. | Youth Media Movement |
223. | ZA WIT (PTY) LTD |
All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |